News Summary: BOJ holds meeting under new governor

News Summary: Japan's central bank holds 1st policy meeting under new governor Haruhiko Kuroda

Associated Press

NEW CHIEF: Japan's central bank is holding its first policy meeting under Haruhiko Kuroda, its new governor, amid expectations of fresh moves to ease monetary policy and spur a recovery in the world's third-largest economy.

NEW MISSION: Kuroda took the helm at the Bank of Japan last month, vowing to do whatever necessary to break Japan's economy out of deflation and attain a 2 percent inflation target.

SAME CONCERNS: Kuroda faces pressure to make headway in ending the trend toward flat or lower prices that Prime Minister Shinzo Abe's administration says is discouraging companies from investing and hiring workers.

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